Verge showed strength, buy opportunity with 300% profit (XVG)

During the correction of last week, there was one clear winner; Verge. While others just followed Bitcoin , Verge showed strength and even TRIPPLED it's Marketcap. It was really giving a clear answer what the market is looking for during a strong correction and why we need a fast & private cryptocurrency. More people will see that BTC will never be the answer and better solutions like XVG will only strengthen their position.

If we look at it from a TA, we can see a clear Elliot Wave on the XVG/BTC, where we are currently moving towards the main correction (C). We have strong support at 1100 satoshi, but if it breaks this support we have a huge buy opportunity at the main correction (C) at around 600-700 satoshi.

I'm waiting for the big correction, but also this current support zone of 1100 is a great buy opportinity. Keep it in your portfolio for the long term!

Read more about this coin at What is Verge and why it could be a stable cryptocurrency.

Kommentar:
So it's breaking our first support at 1100 Satoshi and now heading to our buying zone.

@nnmanhit, yep! although I'm waiting for our buy zone, RSI confirms that it can easily reach this. But buying in at 0.618 fibbo is also a great call. This idea was originally meant to prevent people from buying in at position B.